The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Utilities Select Sector SPDR Fund COM 81369Y886 458 11,074 SH   SOLE 0 11,074 0 0
Consumer Staples Select Sector SPDR Fund COM 81369Y308 1,523 33,550 SH   SOLE 0 33,550 0 0
iShares MSCI India Small Cap ETF COM 46429B614 319 8,557 SH   SOLE 0 8,557 0 0
iShares MSCI Japan Small-Cap ETF COM 464286582 582 10,858 SH   SOLE 0 10,858 0 0
iShares Global Consumer Discretionary ETF COM 464288745 2,375 27,313 SH   SOLE 0 27,313 0 0
iShares Global Consumer Staples ETF COM 464288737 558 5,931 SH   SOLE 0 5,931 0 0
SPDR S&P Regional Banking ETF COM 78464A698 1,948 46,978 SH   SOLE 0 46,978 0 0
SPDR S&P Insurance ETF COM 78464A789 2,042 30,653 SH   SOLE 0 30,653 0 0
iShares Global Utilities ETF COM 464288711 131 2,750 SH   SOLE 0 2,750 0 0
iShares U.S. Telecommunications ETF COM 464287713 666 23,032 SH   SOLE 0 23,032 0 0
iShares Global Tech ETF COM 464287291 2,614 29,768 SH   SOLE 0 29,768 0 0
iShares U.S. Medical Devices ETF COM 464288810 52 512 SH   SOLE 0 512 0 0
iShares U.S. Healthcare Providers ETF COM 464288828 1,570 13,775 SH   SOLE 0 13,775 0 0
iShares North American Tech-Software ETF COM 464287515 138 1,575 SH   SOLE 0 1,575 0 0
WisdomTree Europe Hedged Equity Fund COM 97717X701 1,478 24,475 SH   SOLE 0 24,475 0 0
iShares MSCI Taiwan ETF COM 464286731 166 10,792 SH   SOLE 0 10,792 0 0
iShares MSCI Switzerland Capped ETF COM 464286749 254 7,369 SH   SOLE 0 7,369 0 0
iShares MSCI Japan ETF COM 464286848 680 54,613 SH   SOLE 0 54,613 0 0
iShares MSCI Hong Kong ETF COM 464286871 129 5,954 SH   SOLE 0 5,954 0 0
iShares MSCI Germany ETF COM 464286806 646 23,439 SH   SOLE 0 23,439 0 0
iShares MSCI Europe Financials ETF COM 464289180 362 15,392 SH   SOLE 0 15,392 0 0
iShares MSCI Philippines ETF COM 46429B408 489 12,937 SH   SOLE 0 12,937 0 0
WisdomTree Emerging Markets Consumer Growth Fund COM 97717W539 129 5,053 SH   SOLE 0 5,053 0 0
EGShares Emerging Markets Consumer ETF COM 268461779 552 20,229 SH   SOLE 0 20,229 0 0
WisdomTree Japan Hedged Equity Fund COM 97717W851 487 10,142 SH   SOLE 0 10,142 0 0
First Trust NASDAQ Global Auto Index Fund COM 33734X309 297 7,708 SH   SOLE 0 7,708 0 0
SPDR MSCI Europe Health Care UCITS ETF COM F89826196 1,112 7,606 SH   SOLE 0 7,606 0 0
SPDR Barclays Aggregate Bond ETF COM 78464A649 2,334 39,191 SH   SOLE 0 39,191 0 0
SPDR Barclays Intermediate Term Treasury ETF COM 78464A672 3,394 56,266 SH   SOLE 0 56,266 0 0
ISHARES MSCI PHILIPPINES ETF COM 46429B408 931 26,680 SH   SOLE 0 26,680 0 0
ISHARES MSCI SPAIN CAPPED ETF COM 464286764 1,131 37,225 SH   SOLE 0 37,225 0 0
MARKET VECTORS INDIA SMALL-CAP INDEX ETF COM 57061R551 1,805 42,464 SH   SOLE 0 42,464 0 0
SPDR S&P INSURANCE ETF COM 78464A789 2,936 43,472 SH   SOLE 0 43,472 0 0
WISDOMTREE TRUST WISDOMTREE JAPAN HEDGED EQUITY FUND COM 97717W851 2,807 56,494 SH   SOLE 0 56,494 0 0
ISHARES U.S. HEALTHCARE PROVIDERS ETF COM 464288828 9,269 73,752 SH   SOLE 0 73,752 0 0
ISHARES MSCI EUROPE FINANCIALS ETF COM 464289180 1,848 87,869 SH   SOLE 0 87,869 0 0
ISHARES U.S. MEDICAL DEVICES ETF COM 464288810 11,110 96,980 SH   SOLE 0 96,980 0 0
ISHARES NORTH AMERICAN TECH-SOFTWARE ETF COM 464287515 14,457 149,152 SH   SOLE 0 149,152 0 0
ISHARES MSCI SWITZERLAND CAPPED ETF COM 464286749 5,723 184,698 SH   SOLE 0 184,698 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND COM 97717X701 12,179 219,814 SH   SOLE 0 219,814 0 0
WISDOMTREE JAPAN HEDGED SMALLCAP EQUITY FUND COM 97717W521 12,524 372,536 SH   SOLE 0 372,536 0 0
SPDR S&P REGIONAL BANKING ETF COM 78464A698 23,566 582,309 SH   SOLE 0 582,309 0 0
ISHARES MSCI GERMANY ETF COM 464286806 14,529 584,445 SH   SOLE 0 584,445 0 0
SPDR S&P INTERNATIONAL CONSUMER STAPLES SECTOR ETF COM 78463X723 29,401 747,549 SH   SOLE 0 747,549 0 0
ISHARES MSCI JAPAN ETF COM 464286848 34,828 2,989,548 SH   SOLE 0 2,989,548 0 0
POWERSHARES S&P SMALLCAP CONSUMER STAPLES PORTFOLIO COM 73937B605 405 7,344 SH   SOLE 0 7,344 0 0
SPDR S&P SEMICONDUCTOR ETF COM 78464A862 378 9,904 SH   SOLE 0 9,904 0 0
POWERSHARES S&P SMALLCAP CONSUMER DISCRETIONARY PORTFOLIO COM 73937B506 544 11,303 SH   SOLE 0 11,303 0 0
POWERSHARES S&P SMALLCAP UTILITIES PORTFOLIO COM 73937B837 813 21,600 SH   SOLE 0 21,600 0 0
ISHARES NORTH AMERICAN TECH-SOFTWARE ETF COM 464287515 2,823 29,127 SH   SOLE 0 29,127 0 0
POWERSHARES S&P SMALLCAP HEALTH CARE PORTFOLIO COM 73937B886 2,462 37,376 SH   SOLE 0 37,376 0 0
KRANESHARES CSI CHINA INTERNET ETF COM 500767306 169 5,297 SH   SOLE 0 5,297 0 0
ISHARES MSCI EUROPE FINANCIALS ETF COM 464289180 172 8,219 SH   SOLE 0 8,219 0 0
ISHARES GLOBAL HEALTHCARE ETF COM 464287325 1,017 10,098 SH   SOLE 0 10,098 0 0
ISHARES MSCI TAIWAN ETF COM 464286731 184 13,597 SH   SOLE 0 13,597 0 0
ISHARES MSCI PHILIPPINES ETF COM 46429B408 540 15,462 SH   SOLE 0 15,462 0 0
WISDOMTREE TRUST WISDOMTREE JAPAN HEDGED EQUITY FUND COM 97717W851 793 15,976 SH   SOLE 0 15,976 0 0
ISHARES MSCI SWITZERLAND CAPPED ETF COM 464286749 1,026 33,134 SH   SOLE 0 33,134 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND COM 97717X701 2,003 36,166 SH   SOLE 0 36,166 0 0
ISHARES MSCI INDIA SMALL CAP ETF COM 46429B614 1,294 38,328 SH   SOLE 0 38,328 0 0
ISHARES MSCI GERMANY ETF COM 464286806 1,147 46,167 SH   SOLE 0 46,167 0 0
WISDOMTREE JAPAN HEDGED SMALLCAP EQUITY FUND COM 97717W521 1,884 56,049 SH   SOLE 0 56,049 0 0
ISHARES MSCI JAPAN ETF COM 464286848 6,191 531,456 SH   SOLE 0 531,456 0 0
KRANESHARES CSI CHINA INTERNET ETF COM 500767306 128 4,026 SH   SOLE 0 4,026 0 0
ISHARES U.S. HEALTHCARE PROVIDERS ETF COM 464288828 669 5,331 SH   SOLE 0 5,331 0 0
ISHARES U.S. MEDICAL DEVICES ETF COM 464288810 707 6,175 SH   SOLE 0 6,175 0 0
ISHARES MSCI EUROPE FINANCIALS ETF COM 464289180 166 7,905 SH   SOLE 0 7,905 0 0
ISHARES MSCI JAPAN SMALL-CAP ETF COM 464286582 483 8,666 SH   SOLE 0 8,666 0 0
MARKET VECTORS INDIA SMALL-CAP INDEX ETF COM 57061R551 513 12,069 SH   SOLE 0 12,069 0 0
WISDOMTREE TRUST WISDOMTREE JAPAN HEDGED EQUITY FUND COM 97717W851 607 12,218 SH   SOLE 0 12,218 0 0
ISHARES MSCI PHILIPPINES ETF COM 46429B408 617 17,664 SH   SOLE 0 17,664 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND COM 97717X701 979 17,686 SH   SOLE 0 17,686 0 0
WISDOMTREE JAPAN HEDGED SMALLCAP EQUITY FUND COM 97717W521 590 17,721 SH   SOLE 0 17,721 0 0
ISHARES MSCI SWITZERLAND CAPPED ETF COM 464286749 584 18,851 SH   SOLE 0 18,851 0 0
ISHARES MSCI GERMANY ETF COM 464286806 565 22,750 SH   SOLE 0 22,750 0 0
ISHARES MSCI TAIWAN ETF COM 464286731 444 32,709 SH   SOLE 0 32,709 0 0
SPDR S&P INSURANCE ETF COM 78464A789 2,509 37,152 SH   SOLE 0 37,152 0 0
SPDR S&P REGIONAL BANKING ETF COM 78464A698 3,703 91,519 SH   SOLE 0 91,519 0 0
ISHARES MSCI JAPAN ETF COM 464286848 2,820 242,072 SH   SOLE 0 242,072 0 0
ISHARES MSCI PHILIPPINES ETF COM 46429B408 29 847 SH   SOLE 0 847 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND COM 97717X701 120 2,181 SH   SOLE 0 2,181 0 0
ISHARES U.S. HEALTHCARE PROVIDERS ETF COM 464288828 328 2,613 SH   SOLE 0 2,613 0 0
ISHARES U.S. MEDICAL DEVICES ETF COM 464288810 352 3,081 SH   SOLE 0 3,081 0 0
SPDR S&P INTERNATIONAL CONSUMER STAPLES SECTOR ETF COM 78463X723 129 3,292 SH   SOLE 0 3,292 0 0
ISHARES MSCI INDIA SMALL CAP ETF COM 46429B614 129 3,847 SH   SOLE 0 3,847 0 0
ISHARES MSCI GERMANY ETF COM 464286806 140 5,633 SH   SOLE 0 5,633 0 0
WISDOMTREE TRUST WISDOMTREE JAPAN HEDGED EQUITY FUND COM 97717W851 287 5,793 SH   SOLE 0 5,793 0 0
WISDOMTREE JAPAN HEDGED SMALLCAP EQUITY FUND COM 97717W521 444 13,330 SH   SOLE 0 13,330 0 0
SPDR S&P INSURANCE ETF COM 78464A789 1,391 20,609 SH   SOLE 0 20,609 0 0
SPDR S&P REGIONAL BANKING ETF COM 78464A698 1,040 25,709 SH   SOLE 0 25,709 0 0
ISHARES MSCI JAPAN ETF COM 464286848 1,723 147,968 SH   SOLE 0 147,968 0 0
ISHARES MSCI PHILIPPINES ETF COM 46429B408 28 813 SH   SOLE 0 813 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND COM 97717X701 120 2,170 SH   SOLE 0 2,170 0 0
ISHARES U.S. HEALTHCARE PROVIDERS ETF COM 464288828 323 2,579 SH   SOLE 0 2,579 0 0
ISHARES U.S. MEDICAL DEVICES ETF COM 464288810 347 3,032 SH   SOLE 0 3,032 0 0
SPDR S&P INTERNATIONAL CONSUMER STAPLES SECTOR ETF COM 78463X723 126 3,222 SH   SOLE 0 3,222 0 0
ISHARES MSCI INDIA SMALL CAP ETF COM 46429B614 128 3,799 SH   SOLE 0 3,799 0 0
ISHARES MSCI GERMANY ETF COM 464286806 132 5,326 SH   SOLE 0 5,326 0 0
WISDOMTREE TRUST WISDOMTREE JAPAN HEDGED EQUITY FUND COM 97717W851 295 5,939 SH   SOLE 0 5,939 0 0
WISDOMTREE JAPAN HEDGED SMALLCAP EQUITY FUND COM 97717W521 454 13,637 SH   SOLE 0 13,637 0 0
SPDR S&P INSURANCE ETF COM 78464A789 1,373 20,338 SH   SOLE 0 20,338 0 0
SPDR S&P REGIONAL BANKING ETF COM 78464A698 1,030 25,469 SH   SOLE 0 25,469 0 0
ISHARES MSCI JAPAN ETF COM 464286848 1,742 149,604 SH   SOLE 0 149,604 0 0